EOS The critical point is 3.15-3.5 $
Hi colleagues. After breaking the blue triangle up, I began to analyze the points of potential reversal of this coin. If you analyze the horizontal volumes, then the next liquid zone is located at a price of $ 1.7. At this point there is also a lower trend line. Also, if my wave analysis is correct, then at 1.7 wave c = 0.618 wave a (within the wave Y):
However, I believe that while the sellers did not beat $ 3.15-3.5 $ consider this scenario early. at a point 3.15-3.5 $ the wave c = 0.5 * a and this is also possible point of the reversal of this coin.
If we analyze the marginal positions of buyers, then they are in a clear consolidation:
if buyers try this consolidation down, I think the price of the samples is a price zone of 3.15-3.5 $.
Merchant positions of salespeople are clearly moving in the channel:
If we analyze the volumes on which the price broke the triangle, they were raised relative to the volumes in the consolidation, but they are smaller than those that were before:
If the fall continues on small volumes and in the price zone 3.15-3.5 there will be a good rebound - for me it will mean the downfall of the fall and its completion. So at this point, I'm waiting for a critical point to update my analysis.
However, I believe that while the sellers did not beat $ 3.15-3.5 $ consider this scenario early. at a point 3.15-3.5 $ the wave c = 0.5 * a and this is also possible point of the reversal of this coin.
If we analyze the marginal positions of buyers, then they are in a clear consolidation:
if buyers try this consolidation down, I think the price of the samples is a price zone of 3.15-3.5 $.
Merchant positions of salespeople are clearly moving in the channel:
If we analyze the volumes on which the price broke the triangle, they were raised relative to the volumes in the consolidation, but they are smaller than those that were before:
If the fall continues on small volumes and in the price zone 3.15-3.5 there will be a good rebound - for me it will mean the downfall of the fall and its completion. So at this point, I'm waiting for a critical point to update my analysis.
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.